Sleep Number Corporation (NASDAQ:SNBR) is set to announce third quarter earning results on Wednesday 14th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SNBR to report 3Q20 income of $ 1.00 per share.
For the full year, analysts anticipate top line of $ 1750.34 million, while looking forward to income of $ 2.77 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.10 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of Sleep Number Corporation
Previous Quarter Performance
Sleep Number Corporation announced loss for the second quarter of $ 0.45 per share, from the revenue of $ 284.94 million. The quarterly revenues decreased 19.95 percent compared with the same quarter last year. Wall street analysts are predicting, SNBR to report 2Q20 loss of $ 0.80 per share from revenue of $ 216.36 million. The bottom line results beat street analysts by $ 0.35 or 43.75 percent, at the same time, top line results outshined analysts by $ 68.58 million or 31.70 percent.
Stock Performance
Shares of Sleep Number Corporation traded up $ 2.15 or 3.74 percent on Tuesday, reaching $ 59.62 with volume of 773.00 thousand shares. Sleep Number Corporation has traded high as $ 59.86 and has cracked $ 56.54 on the downward trend
According to the previous trading day, closing price of $ 59.62, representing a 276.36 % increase from the 52 week low of $ 15.27 and a 5.79 % decrease over the 52 week high of $ 61.00.
The company has a market capital of $ 1.65 billion and is part of the Consumer Cyclical sector and Home Furnishings & Fixtures industry.
Conference Call
Sleep Number Corporation will be hosting a conference call at 5:00 PM eastern time on 14th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sleepnumber.com
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
